High-end bottles languish on shelves as shoppers opt for cheaper vintages. 'The state of the economy' is nothing to celebrate, a retailer says.
By Jerry Hirsch
November 22, 2008 - LA Time
This year she can get dozens -- a sign of how the Wall Street meltdown is rippling across the alluvial fields of Napa Valley to the chalky limestone vineyards of Champagne in France.
Continue reading "Wine buyers are sobered by Wall Street meltdown" »
I found this through a website I visit regularly even though she does not update regularly.
Amy Gardner is the owner of Wine Talent, a recruitment company for he wine industry. Her blog is Career Advice in the Wine Industry.
Recently she posted a link to a February 2008 article in the Sacremento Bee about why a bottle of wine costs what it does.
Here is the link to Amy's original post
and Here is the link to the article on the cost of a bottle of wine.
I always find it interesting to see what some of the basics costs of products are - and thought you might too.
Moet Chandon and Veuve Clicquot will find out what branded outlets will do for them in these tough economic times.
Moet decided to go with a temporary outlet open from December 3rd through December 28th, Wednesdays through Saturdays. Now why not all the way thrrough the 31st? The Moet facility will be on high retail Bond Street.
Veuve has decided to create a permanent space inside of Harrods. The Bar/Boutique will be on the first floor next to the designer fashion labels.
Moet details: Atelier Moet
Veuve details: Tallking Drinks article
Continue reading "Moet vs Veuve in London" »
NEW YORK (Reuters Life!) - Floodwaters from the global credit crisis have seeped onto the top deck of the wine business.
Domaine Romanee Conti (DRC) 1990, which commanded more than $20,000 a bottle just a little more than year ago, sold on Saturday for $6,500 - a 67.5 percent drop in price.
Auction house Hart Davis Hart admitted that the price was at the low end of its estimates.
Continue reading "Global credit crisis puts damper on wine prices" »
Labour MP bids to scrap deep discounting of alcohol
Thursday, 02 October 2008
Labour MP Sally Keeble has launched a new private members bill proposing a minimum price on alcohol.
Under the new plans, a Drinks Industry Council (DIC) would be created, comprised of representatives from the industry, producers, police, health care, youth sector and consumers. The DIC would advise Government on a minimum price for a unit of alcohol, promotions and set codes of conduct.
Continue reading "UK & minimum pricing for alcohol" »
Continue reading "Wine Retailers" »